The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, NFIB’s Small Business Optimism Index decreased 0.1 point in November to 90.6, which marks the 23rd consecutive month below the 50-year average of 98. Twenty-two percent of owners reported that inflation was their single most important problem in operating their business, unchanged from October but 10 points lower than this time last year.
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Ridgewood NJ, the prevalence of homelessness in the United States has reached its highest level since the inception of the Department of Housing and Urban Development (HUD) tracking in 2007, with a record-breaking 653,104 individuals experiencing homelessness during the latest annual count.
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Ridgewood NJ, the Federal Reserve held the line with interest rates on Wednesday holding its key interest rate steady for the third straight time .
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Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.1 percent before seasonal adjustment.
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Ridgewood NJ, stocks up but you are still feeling a little poorer ? Americans’ nest eggs are getting clobbered by “Bidenflation”.
Continue reading Inflation Has Eroded Retirement Plans Values by an Average of $16,200
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Ridgewood NJ, in October, inflation showed signs of further moderation, as indicated by the Federal Reserve’s preferred price gauge.
Continue reading Fed’s preferred gauge shows Inflation Cools to lowest level since 2021
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Washington DC, the Producer Price Index for final demand fell 0.5 percent in October, seasonally adjusted, after advancing 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. The October decline is the largest decrease in final demand prices since a 1.2-percent drop in April 2020. On an unadjusted basis, the index for final demand rose 1.3 percent for the 12 months ended in October.
Continue reading US Producer Price Index Declines 0.5% in October, biggest drop since 2020
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Washington DC, (8:34am)the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, after increasing 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.2 percent before seasonal adjustment.
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Washington DC, the Federal Reserve leaves rates unchanged , issues the following statement:
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Ridgewood NJ, the Federal Reserve’s preferred measure of underlying inflation saw an uptick to a four-month high in September, and consumer spending also showed an increase, leaving the possibility of another interest rate hike in the near future. The core personal consumption expenditures price index, which excludes volatile food and energy components, rose by 0.3% in September, as reported by the Bureau of Economic Analysis. Inflation-adjusted consumer spending saw a 0.4% increase last month.
Continue reading Underlying Inflation Accelerated to a Four-month High in September
By Charles Stampul
The second Yom Kippur War started Saturday with America’s emergency oil stockpile at a 40 year low. The first Yom Kippur War began on the same date 50 years ago. Oil doubled within a year.
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Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August on a seasonally adjusted basis, after increasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.7 percent before seasonal adjustment.
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Jackson Hole Wy, Fed Chairman Jerome Powell says the US central bank is prepared to raise interest rates even further if need be until inflation is back on track at 2%. “Although inflation has moved down from its peak—a welcome development—it remains too high,” Powell said Friday at the central bank’s annual conference in Jackson Hole, Wyoming. He welcomed the slower price gains the US economy has achieved under tighter monetary policy and loosening supply constraints. However, he cautioned that the process “still has a long way to go, even with the more favorable recent readings.”
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Ridgewood NJ, With a new academic year about to start, WalletHub today released the results of its 2023 College Student Financial Survey, along with its editors’ picks for 2023’s Best Student Checking Accounts and Best Student Credit Cards, selected from hundreds of offers. College students need to prepare for their financial future, and these types of accounts are essential building blocks.
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Ridgewood NJ, new inflation numbers were just released for July and they show 3.2% inflation since last year, and 15% higher prices since Biden came into office. But almost no one in the middle class believes these numbers. Why? The CPI measures hundreds of different products and takes a composite of the price changes for all of them.
Continue reading Inflation Feels So Much Higher Than Official Numbers
